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Brian Williams, Mississippi State University
Agriculture value is part of Mississippi’s economy
By Mississippi Business Journal - January 4, 2017The estimated $7.6 billion value of Mississippi agriculture increased by 1.8 percent in 2016, helping the industry retain its prominence in the state’s overall economy. “Agriculture’s reach in the state goes well beyond just the value of the goods produced,” said Brian Williams, an agricultural economist with the Mississippi State University Extension Service. “The ag industry helps support many of our small towns across the state, as producers purchase inputs at the local co-op, buy new vehicles at the local car dealer or hire a local accountant to help with taxes.” “When all the extra economic impact of agriculture is taken into account, the total economic impact of agriculture to the state of Mississippi is actually much more than the $7.6 billion worth of agricultural products that are produced,” he said.
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Purdue: Ind. Crops, Farmland Values Set To Decrease In 2017
By Eagle Country 99.3 fm - January 4, 2017“In the last three years, U.S. production has outpaced usage for corn, soybeans and wheat,” says Chris Hurt, editor of the Purdue Agricultural Economics Report. “Market prices in the next few years will be in the process of adjusting acreage to cause increases in corn and wheat prices, but at the expense of more soybean acres and lower bean prices.” ![]()
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